Question
Please help! I do not understand what I am doing with the following problem. Also, please break it down in simple steps since I am
Please help! I do not understand what I am doing with the following problem. Also, please break it down in simple steps since I am having a hard time understanding this chapter.
How do I solve this problem?
A researcher wishes to estimate the percentage of adults who abolishing the penny. What size sample should be obtained if he wishes the estimate to be within 3 percentage points with 99% confidence if
a) he uses a previous estimate of 26%
b) he does not use any prior estimates?
Use the standard normal distribution table
a) n= __________________________(Round up to the nearest integer)
b) n= _________________________ (Round up to the nearest integer)
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